American Century Companies Inc. Grows Stock Position in Franco-Nevada Co. (NYSE:FNV)

American Century Companies Inc. boosted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,598 shares of the basic materials company's stock after buying an additional 35,406 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of Franco-Nevada worth $28,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada during the 4th quarter worth approximately $47,000. Point72 DIFC Ltd purchased a new position in shares of Franco-Nevada in the third quarter worth $52,000. Erste Asset Management GmbH bought a new stake in Franco-Nevada during the 3rd quarter valued at $55,000. Harbour Investments Inc. boosted its position in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Franco-Nevada in the 4th quarter worth $73,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded down $1.27 during midday trading on Tuesday, reaching $156.30. The stock had a trading volume of 367,016 shares, compared to its average volume of 657,933. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $159.38. The stock has a 50-day moving average of $143.23 and a 200-day moving average of $130.83. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of -49.45, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Remove Ads

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.38 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is presently 53.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James increased their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Royal Bank of Canada lifted their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. UBS Group upped their target price on Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Scotiabank lifted their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Finally, HC Wainwright upped their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.50.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.